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Home Categories Building Credit The Pinnacle Score is a credit scoring method developed by Equifax. A credit report is a detailed report of your credit history prepared by a credit bureau. A credit score is a number between 300 and 850 that reflects a consumer’s creditworthiness. Creditworthiness is how the creditor will tell if you will not fulfill your debt obligations. The Fair Credit Reporting Act (FCRA) regulates how credit bureaus can collect and share information about individual consumers. FICO credit scores are a method of quantifying and evaluating a person’s creditworthiness. Good credit is a classification of a person’s credit history, indicating that the borrower has a relatively high credit rating and is a safe credit risk. Loan impairment occurs when there has been a deterioration in the creditworthiness of an individual or entity. Voluntary bankruptcy is a bankruptcy procedure that the debtor initiates because he cannot repay the debt.